Ilya Fushman, a former Dropbox executive most recently at Index Ventures, is joining Kleiner Perkins as a general partner and managing member, the firm said today. Fushman is a big pickup for Kleiner Perkins, who also brought on Social+Capital’s Mamoon Hamid in August last year. All these hires give the impression that Kleiner Perkins, with a storied history but one looking for fresh faces, is getting a bit of a new look with
partners like Fushman and Hamid. [ Tech Crunch ]

Coinbase now has an M&A boss. What sorts of things would she want to acquire?

Coinbase, the cryptocurrency trading platform that has grown tremendously without any major acquisitions, is getting equipped to make some. Emilie Choi, who did more than 40 deals at LinkedIn as their head of mergers and acquisitions for eight years, has joined Coinbase as its VP of corporate and business development. [ Recode ]

2 days after raising $502 million, Magic Leap called the cops to say an employee had stolen $1 million

Magic Leap, the secretive Florida startup developing futuristic augmented reality glasses, raised a whopping $502 million in October. Two days later, it called the cops and told them an employee had stolen over $1 million over a period of 23 months. [ Business Insider ]

Inside the Financial Gym, where trainers offer you wine and Kleenex as they strip you ‘financially naked’ and analyze your money issues

Step inside the Financial Gym's second-story suite overlooking a bustling midtown Manhattan enclave, and you'll be greeted by a perky trainer before being offered a glass of wine and a seat at the Money Bar. Brace yourself, because in a few moments, you'll be asked to get naked — financially, that is. [ Business Insider ]

Sequoia Capital Goes on Fundraising Spree. More than $12 billion in capital is sought across seven new funds

One of Silicon Valley’s best-known venture-capital firms, Sequoia Capital, is pulling out the stops as it seeks to restock its war chest. If it reaches its fundraising goals, the storied firm will collect more than $12 billion in capital to fund its ambitions in the U.S., China and other countries, according to a person familiar with Sequoia’s plans. [ WSJ ]

Silicon Valley Toured the Heartland and Fell in Love

"Oh my god, this is so cute!'' Robin Li, an investor with the San Francisco venture capital firm GGV Capital, was standing in the lobby of the Madison building in downtown Detroit. Built in 1917 as a theater and refurbished several years ago as a tech co-working space, the Madison checks all of the aesthetic boxes of hipsterdom: reclaimed wood, exposed brick walls, pour-over coffee served by tattooed baristas. ''This is nicer than San Francisco,'' Ms. Li concluded. [ CNBC ]

Fashion app Shop You wants to help consumers overwhelmed by choice easily find the right clothes online

Despite being a millennial in her mid-20s, I rarely buy clothes online. A jacket here, a jumper there, perhaps, but I don’t often go beyond that, usually because the choices are too overwhelming and I’m never convinced that what looks good on the screen will actually look go on me unless I can try it on (free returns? Nope, too lazy for that). Realising many others feel the same were digital retail strategist Kelly Slessor and marketing strategist Emma Sharley, who came together to solve the problem with a platform called Shop You. Shop You is a personalised shopping app matching users to brands that suit their style, size, and preferences by learning about them
through their search and purchasing behaviours over time. “It’s predicative fashion,” Sharley said. [ Startup Daily ]

Why Does Your Sales Team Lose Deals?

It’s one of the most important questions a CEO can ask. Why does our sales team lose potential sales? One of the companies I work with, Chorus, listens and analyzes sales calls to provide insights to heads of sales and account executives. Chorus explored the reasons account executives lose sales opportunities.

Set aside losses from competition. Of the remaining lost opportunities, 48% of prospects lacked budget. A further 38% demonstrated no urgency to buy. The
remaining 13% of prospects didn’t have the buying authority. [ TOMASZ TUNGUZ ]